| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12927 |
| 来源ID | Working Paper 12927 |
| Estimating Trade Flows: Trading Partners and Trading Volumes | |
| Elhanan Helpman; Marc Melitz; Yona Rubinstein | |
| 发表日期 | 2007-02-21 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We develop a simple model of international trade with heterogeneous firms that is consistent with a number of stylized features of the data. In particular, the model predicts positive as well as zero trade flows across pairs of countries, and it allows the number of exporting firms to vary across destination countries. As a result, the impact of trade frictions on trade flows can be decomposed into the intensive and extensive margins, where the former refers to the trade volume per exporter and the latter refers to the number of exporters. This model yields a generalized gravity equation that accounts for the self-selection of firms into export markets and their impact on trade volumes. We then develop a two-stage estimation procedure that uses a selection equation into trade partners in the first stage and a trade flow equation in the second. We implement this procedure parametrically, semi-parametrically, and non-parametrically, showing that in all three cases the estimated effects of trade frictions are similar. Importantly, our method provides estimates of the intensive and extensive margins of trade. We show that traditional estimates are biased, and that most of the bias is not due to selection but rather due to the omission of the extensive margin. Moreover, the effect of the number of exporting firms varies across country pairs according to their characteristics. This variation is large, and particularly so for trade between developed and less developed countries and between pairs of less developed countries. |
| 主题 | International Economics ; Trade |
| URL | https://www.nber.org/papers/w12927 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570593 |
| 推荐引用方式 GB/T 7714 | Elhanan Helpman,Marc Melitz,Yona Rubinstein. Estimating Trade Flows: Trading Partners and Trading Volumes. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12927.pdf（902KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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